S&P affirms Black Sea Trade

S&P said it affirmed its A-/A-2 long- and short-term foreign currency issuer credit ratings on multilateral lending institution Black Sea Trade and Development Bank.

The outlook remains stable.

At the same time S&P affirmed its A- issue rating on the bank's senior unsecured debt issues.

“The bank's existing four-year business plan, focused on consolidation and steady, gradual growth, is coming to an end and is set to be replaced by a revamped strategy that may allow for more rapid expansion,” S&P said in a news release.

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